Country of Incorporation and Applicable Company Law

Originally domiciled in Jersey, the Company was re-domiciled to the Isle of Man with effect from 20 July 2016 and continues under the Isle of Man Companies Act 2006 with the name Black Sea Property PLC and with registered number 013712V. The Company operates as a close ended investment company for the purposes of the Isle of Man Collective Investment Schemes Act 2008 and the Isle of Man Collective Investment Schemes (Definition) Order 2008.

The Company was originally incorporated on 27 January 2005 with limited liability in Jersey under the Companies (Jersey) Law 1991, as a closed-ended investment company with registered number 89392 under the name of The Black Sea Property Fund Limited. Also with effect from re-domiciliation in the Isle of Man the limitation of the Company’s life to 31 December 2021, as determined under Jersey law, will no longer be applicable to the Company